IBSAT (Icfai Business School Admission Test)

Saturday, December 23, 2023

ICFAI Business Schools – Major Advantages for Students - Key Points to ponder

Students who are aspiring to pursue Management Programmes must read this article to understand the major advantages of ICFAI Business Schools across India to kickstart their challenging careers in their interested field by enhancing their knowledge and skills to compete in the international market.

ICFAI is providing professional education for over 25 years with excellent networking with leading Universities and Business schools across the globe.  ICFAI has 9 top-class Business Schools in India with 8500+ students and 100% case-based learning.  A list of ICFAI Business Schools in India is depicted in the following table:

In this article, we dealt with the major advantages for students to pursue Management (BBA/MBA/PGDM) programs in ICFAI Business Schools across India.

Fee structure for Management Programmes:

An attractive fee structure for the entire course of Management Programmes works out to Rs.6 to 16 Lakhs on average, depending on the Campus.  Candidates have a wide choice to choose the Campus in accordance with their suitability-cum-financial capabilities.

Placement of students

Statistics of campus placements of students across ‘B’ Schools of ICFAI are provided hereunder.  They are the testimony for the success of ICFAI ‘B’ Schools in their endeavor to impart outstanding knowledge and exceptional skills that are required for the students to compete successfully in the highly competitive International and National job markets.

Type of Package with CTC

Package offered in INR in Lakhs per Annum (LPA)

Highest International Package


Highest National Package


Top 10% average package


Top 25% average package


Average Package


High Returns on Investment (ROI):

It is evident from the placement statistics provided above that a student who incurs on an average of Rs.8.0 Lakhs for the entire Programme in Management shall receive an average pay package of Rs.8.71 LPA which would progressively increase with the advancement in his/her career graph which demonstrates exceptional Returns on Investment (ROI).

Record number of Recruiters:

Another important advantage of ICFAI ‘B’ Schools is - that around 1000+ Recruiters visit to pick up the cream of the student community placing them in suitable positions in their respective Companies across the world and in India offering attractive pay packages.  With the increased number of Recruiters, ICFAI ‘B’ Schools have recorded 97 to 98% placements of students through campus selections. This percentage of placements is considered the highest compared to many other similar Universities/’B’ Schools across India.

All India Common Entrance Tests vis-à-vis IBSAT

While the seats allocated through All India Common Entrance Tests like CAT/MAT/XAT/GMAT are limited, students have a fair chance of securing a seat in ICFAI ‘B’ Schools through IBSAT.  Further, students find it easy and comfortable to face the IBSAT, compared to the other all-India level CETs. IBSAT is the gateway for prospective students to seek admission in ICFAI ‘B’ Schools across India.   IBSAT Mock tests help the students to prepare well for the test by understanding the pattern of the Test and questions etc.  Attempting IBSAT Mock Tests provides an opportunity for students to enhance their confidence levels to fare well on the day of the Test.

Cut-off percentile

The cut-off percentile of CAT/MAT/XAT/GMAT ranges between 80-90 and above, while the same for IBSAT ranges from 53 to 80 depending on the ‘B’ School.  This is an advantage for the students to secure a seat in ‘B’ Schools of ICFAI, who could not secure a reasonably good score in CAT/MAT/XAT/GMAT.

Scholarship opportunities:

For the forthcoming academic year 2023/24, ICFAI Business School has enhanced the quantum of Scholarships up to Rs.10 Crores, from last year's figure of Rs.4 Crores.  Details of various categories of students eligible for grant of these Scholarships are as under:

  • Meritorious students
  • Wards of ICFAI Business School (IBS) Alumni
  • Wards of Defence Personnel
  • Persons with disabilities

Taking into consideration the following factors, ICFAI Business Schools have created the above categories for granting Scholarships:

  • ICFAI Business School (IBS) in 25+ years of its existence produced above 62,000 Alumni working in India and abroad.
  • As an honour to the Defence Personnel who are striving hard to protect the borders of our Nation, against several odds.
  • To extend support and encourage persons with disabilities, as a part of social responsibility.

Details of category-wise scholarships are tabulated below:

ICFAI Business Schools - Merit Scholarships


Number of Scholarships

Quantum in INR per Student

IBSAT top 200 Rankers


2.00 Lakhs

NMAT top Rankers


2.00 Lakhs

CAT top Rankers


2.00 Lakhs

XAT Top Rankers


2.00 Lakhs

GMAT Top Rankers


2.00 Lakhs

CFA/CA/CS/ICWA qualified for the entrance test before Dec 2023


2.00 Lakhs

Scholarships for Wards of IBS Alumni

Qualified candidates in the Common Entrance Tests of IBSAT/NMAT/CAT/XAT/GMAT with respective cut-offs


2.00 Lakhs

Scholarships for wards of Defence Personnel

Qualified candidates in the Common Entrance Tests of IBSAT/NMAT/CAT/XAT/GMAT

With respective cut-offs




2.00 Lakhs


Scholarships for Physically challenged candidates

Qualified candidates in the Common Entrance Tests of IBSAT/NMAT/CAT/XAT/GMAT

With respective cut-offs


 2.00 Lakhs

The Scholarship amount granted to the eligible students shall be adjusted against the fee payable by the selected students in the first and second semesters after joining IBS.

The above exciting Scholarship programs being offered by ICFAI Business Schools shall motivate the students to go the extra mile in the forthcoming CETS to become eligible for admission and grant of Scholarship for the academic year 2023/24.

Click here to Apply for ICFAI Business School

Strong Alumni Base:

A strong base of 62,000 Alumni spread over various Managerial positions in top Companies/Organisations across the globe is the evidence to prove that ICFAI ‘B’ Schools over the years created the best students through its pedagogy, imparting the highest knowledge and skills to students to be able to compete in the competitive job market and become the leaders in their areas of work.

Internship Programmes of ICFAI ‘B’ Schools:

Another advantage of ICFAI Business Schools is the “Summer Internship Programmes” to students at top companies, which extend up to 14 weeks, unlike many other Universities. During the period of the Internship, students are exposed to the Corporate World to develop their knowledge managerial skills and leadership qualities.  ‘B’ Schools of ICFAI aim to create value out of Internship Programmes, which is absent in many other similar Universities.

Campus Life and Infrastructural Facilities:

All the Campuses of ICFAI ‘B’ Schools have world-class advanced infrastructure with highly qualified Faculty Pools.  The Campuses are equipped with the latest state-of-the-art Technology of computer networks.  Libraries are well equipped with the latest software packages and a large collection of books, CDs, Videos, Magazines and research reports of Management and allied subjects.

Unlike other Universities, ICFAI ‘B’ Schools are designed to stimulate learning and create a positive experience in the students by encouraging to participate in co-curricular and extra-curricular activities, including Sports to get an unparalleled experience of different cultures, languages, and ways of life for all-round development of the students. 

With the exciting scholarships, high package campus placements, and various other advantages, Business Schools under the flagship of ICFAI are attracting a greater number of students across the globe to transform themselves into future leaders.

Click here to Read - How to Avoid Infructuous Pre-Admission Expenses Towards Physical GDPI in Business School

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